just compensation
just compensation, Compensation for property taken under eminent domain that places a property owner in the same position as before the property was taken. It is usually the fair market value of the property taken. Attorney’s fees or expenses are usually excluded.
Citation Information
Article Title:
just compensation
Website Name:
Encyclopaedia Britannica
Publisher:
Encyclopaedia Britannica, Inc.
Date Published:
27 August 2019
Access Date:
February 22, 2025